MGMT – Assignment Example

Hofstede has discussed five major dimensions of culture that significantly impact workplace outcome. They are important consideration in the contemporary environment of globalization and can be broadly described as follows:
1. Power distance
It describes the comfort level of people with inequality amongst themselves vis-à-vis distribution of power and rights. In a global company, it positively impacts the workplace environment because people tend to accept the leadership of their superior and motivated to work within their criteria of specified work paradigm.
2. Uncertainty avoidance
In the highly competitive environment of global business, the people are concerned about their future and therefore, work harder in order to remain at their job and avoid uncertainty about their future. This may work better for the companies because people are more willing to compromise with working conditions.
3. Collectivism/ Individualism
This is more prominent in societies like Japanese where people prefer to work in groups. The teamwork promotes shared learning and collective goals that have significant impact on the performance outcome of the organization.
4. Masculinity/ femininity
Patriarchal society of the East is inclined to favour and serve the interests of the male population and therefore, is highly detrimental to the contemporary environment of multicultural society. Gender equality has become important criteria of improving business outcome and therefore, must be addressed within a global company.
5. Long term/ short term orientation
People who have long term orientation tend to make future plans and may work within confined goals and objective. This may adversely impact the outcome because in the current era of advancing technology and rapid globalization, change is intrinsic part of organizational culture that needs to be adopted to gain leverage in the competitive environment of global business. (285)